BUSINESS FUNDING
Paycorp offers frictionless embedded business funding solutions through Capital Express in South Africa and Recap the United Kingdom. By leveraging comprehensive business and transaction data from our network of merchants and partners, we offer efficient and reliable business funding tailored to meet the diverse business needs to support SME growth.
Capital Express provides business funding to ATM Solutions’ clients across South Africa in partnership with the country’s foremost specialist in merchant cash advance, Retail Capital, a division of Tyme Bank. Capital Express offers instant working capital of up to R1 million based on historical ATM transaction data. This working capital is unrestricted and available for retailers to purchase stock, refurbish and expand or simply boost cash flow.
ATM Solutions clients can get pre-approved short-term funding within 24 hours with no collateral required. Flexible payment terms are affordable and transparent and deducted from daily ATM settlements with easy re-advances available.
We take the stress out of cash flow management so that retailers can grow their businesses.
Recap Global – a joint venture incubated between Paycorp and Retail Capital – provides business funding in the United Kingdom, leveraging transaction data from various payment partners’ ATMs, point-of-sale, and e-commerce platforms to generate pre-approved, real-time funding.
Integrated into payment partners’ processes, Recap’s advanced credit risk engine ensures a seamless user experience, providing businesses across the UK with short-term working capital. Merchants follow a simple three-step process to receive same-day funds. Fees are transparent, determined upfront as a percentage of daily sales and deducted from daily settlements over flexible payment terms.
Eligible customers can get truly pre-approved, frictionless funding at the click of a button, eliminating rejection anxiety and empowering businesses to capitalise on growth opportunities amid challenging economic circumstances.
ATM Solutions had the answer to reduce the frequency of CIT pick-ups. I wanted to minimize our risk on-site and save on cash management fees. The Smart ATMTM does all this and our entire cash management processes have been streamlined. ATM Solutions do a great job in maintaining the ATM, they are punctual and offer the best service and support.
“The Cash Express Smart ATMTM at my filling station has changed the way cash is handled in my business. I no longer have to keep cash in the safe on-site which has been a headache for so many years – particularly during the busy periods.
The cash generated at the filling station is dropped directly into the ATM and can be withdrawn by my customers immediately. The following day, funds are deposited into my bank account without any hassle. With all risk passing to ATM Solutions once the cash has dropped into the safe, I have complete peace of mind. No more CIT costs and no more sleepless nights.
I highly recommend the Smart ATMTM as a smart cash management system.”
Since the Smart ATMTM from ATM Solutions was installed, I’ve saved on cash deposit fees, my risk has reduced dramatically and I’m earning more revenue. The saving on my cash deposit fees is around 90% and I no longer need to travel to the bank with large sums of cash to deposit – saving me time and money. The ATM is attracting more people to my store as it’s a safe place for my customers to withdraw their cash. I’ve seen an increase in spend in-store and I’m also benefitting from rebates that I earn on all withdrawals from the ATM. When cash levels in the ATM are too high, collections are done by CIT and if I ever require technical support, ATM Solutions are available and obliging.